Westin Acquisition Corp Prices $50 Million Initial Public Offering

Rhea-AI Summary

Westin Acquisition Corp (WSTN) priced a $50.0 million initial public offering of 5,000,000 units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one right to receive one‑sixth of one Class A ordinary share upon consummation of an initial business combination. Units are expected to begin trading on Nasdaq under WSTNU on November 4, 2025, and the IPO is expected to close on November 5, 2025 subject to customary closing conditions.

The company granted the underwriters a 45‑day option to purchase up to 750,000 additional units to cover over‑allotments. The registration statement on Form S‑1 (File No. 333-288889) became automatically effective on October 29, 2025. A.G.P./Alliance Global Partners is sole book‑running manager.

Positive

• Offered $50.0 million via 5,000,000 units at $10.00 each
• Underwriters granted 45‑day, 750,000‑unit (15%) overallotment option
• Units expected to trade on Nasdaq as WSTNU starting November 4, 2025
• Registration effective on Oct 29, 2025; IPO expected to close on Nov 5, 2025

Negative

• Issuance of initial and overallotment units equals up to 5,750,000 Class A shares (potential shareholder dilution)
• Rights attached to units represent up to 958,333 additional Class A shares if exercised (1/6 share per unit)

Insights

Capital Markets Analyst

SPAC priced a standard $50.0 million IPO; close and secondary listing mechanics now the main items to monitor.

The company priced 5,000,000 units at $10.00 per unit, implying gross proceeds of $50,000,000, with a 45-day over-allotment option for up to 750,000 units. The units will trade initially as "WSTNU" on Nasdaq and, once separated, the Class A shares and rights are expected to trade as "WSTN" and "WSTNR." The offering is expected to close on November 5, 2025, subject to customary closing conditions.

Key dependencies include the closing conditions and any exercise of the underwriter over-allotment; those actions determine final capital raised and potential share float. Watch the registration statement (File No. 333-288889) and the final prospectus for lock-up terms, sponsor commitments, and the trust account cash level at closing. Near-term horizon: transaction close on November 5, 2025 and separation of units when Nasdaq permits trading of component securities.

New York, New York, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Westin Acquisition Corp, a blank check company incorporated in the Cayman Islands as an exempted company (the “Company”), today announced the pricing of its initial public offering (“IPO”) of 5,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one right to receive one-sixth (1/6) of one Class A ordinary share upon the consummation of an initial business combination. The units are expected to trade on The Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “WSTNU” beginning November 4, 2025. The Company expects the IPO to close on November 5, 2025, subject to customary closing conditions. Once the securities comprising the units begin separate trading, the Class A ordinary shares and the rights are expected to be traded on Nasdaq under the symbols “WSTN” and “WSTNR,” respectively.

A.G.P./Alliance Global Partners is acting as the sole book-running manager for the offering.

The Company has granted the underwriters a 45-day option to purchase up to 750,000 units at the initial public offering price, less underwriting discounts and commissions, to cover over-allotments, if any.

Celine and Partners, P.L.L.C. is serving as US legal counsel to the Company and Loeb & Loeb LLP is serving as legal counsel to A.G.P./Alliance Global Partners in the offering.

A registration statement on Form S-1 relating to the securities (File No. 333-288889) was previously filed with the Securities and Exchange Commission ("SEC") and became automatically effective on October 29, 2025 pursuant to Section 8(a) of the Securities Act of 1933, as amended. This offering is being made only by means of a prospectus forming part of the effective registration statement. Copies of the final prospectus, when available, may be obtained on the SEC’s website at http://www.sec.gov. Electronic copies of the final prospectus, when available, may be obtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Westin Acquisition Corp

The Company is a blank check company incorporated in the Cayman Islands as an exempted company with limited liability for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. While the Company intends to conduct a global search for target businesses without being limited by a particular industry, the Company intends to focus on identifying a prospective target business in North America, South America, Europe, or Asia. The Company is led by Mr. Kok Peng Na, the Company’s Chief Executive Officer and Mr. Stanney Patrick Majawit, the Company’s Chief Financial Officer.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the IPO and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the IPO filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact:

admin@westincorp.com 

FAQ

How many shares did Westin Acquisition Corp (WSTN) offer in its November 4, 2025 IPO?

The IPO priced 5,000,000 units at $10.00 per unit, representing $50.0 million in aggregate offering size.

What Nasdaq tickers will Westin Acquisition Corp use after the November 4, 2025 listing?

Units are expected to trade as WSTNU; Class A ordinary shares and rights are expected to trade as WSTN and WSTNR when separated.

When is Westin Acquisition Corp's IPO expected to close and when did registration become effective?

The offering is expected to close on November 5, 2025, and the Form S‑1 registration became effective on October 29, 2025.

Does Westin Acquisition Corp have an overallotment option in the IPO and how large is it?

Yes. The company granted underwriters a 45‑day option to buy up to 750,000 additional units to cover over‑allotments.

What is included in each Westin Acquisition Corp unit from the November 2025 offering?

Each unit consists of one Class A ordinary share and one right to receive one‑sixth (1/6) of one Class A ordinary share upon consummation of an initial business combination.